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Zimtu Capital Corp.

Suite 1450 - 789 West Pender St.
Vancouver, BC V6C 1H2
Phone: 604.681.1568
Fax: 604.681.8240
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Equity Holding Commerce Resources Corp. Completes Drilling at Ashram Rare Earth Deposit

The Office at Eldor Rare Earth Project

Equity Holding Commerce Resources Corp. (TSXv: CCE)  is an exploration company with a particular focus on deposits of rare metals and rare earth elements.  The company announced the completion of their winter drill program at the Ashram Rare Earth Deposit in Northern Quebec.  The drill program was reportedly completed on schedule and under budget.   Demobilization of field crews is underway.

Zimtu Capital owns 4,056,178 common shares of Commerce Resources. (as at May 14, 2014)

Along with SGS Geostat, Commerce Resources completed a Preliminary Economic Assessment (PEA) on the Ashram Rare Earth Deposit.  The Study reported that the pre-tax and pre-finance Net Present Value (NPV) for the project is $2.32B CAD assuming a discount rate of 10%, with an Internal Rate of Return (IRR) of 44%.

We would like to share some pictures:

Demobilization of the cook's tent

Demobilization of the cook’s tent

Mike Hodge preparing the drill site location.

Mike Hodge preparing the site for drilling.

Stephanie Krysa, Nathan Schmidt & Matt Carter in the field office. (right to left)

Stephanie Krysa, Nathan Schmidt & Matt Carter in the field office. (right to left)

Radio repeater station at the Eldor Rare Earth Project

Radio repeater station at the Eldor Rare Earth Project

Night drillers discuss the drill program with drill foreman Greg Bodner.  (background)  Jimmy John waiting to participate in the safety meeting. (foreground)

Night drillers discuss the drill program with drill foreman Greg Bodner. (background) Jimmy John waiting to participate in the safety meeting. (foreground)

 

Property Photo Gallery

 

Sincerely,

Dave Hodge

Dave Hodge
President
Zimtu Capital Corp.
Suite 1450 – 789 W Pender St.
Vancouver, BC
V6C 1H2
Tel: 604.681.1568
http://www.zimtu.com

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